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How to Buy Crypto with Land Bank of the Philippines

Last updated on November 12, 2023

Quick Summary: While Land Bank of the Philippines does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of Philippines cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.


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Land Bank of the Philippines Homepage

As mentioned in my quick summary, like most Philippines banks, Land Bank of the Philippines doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto exchange and comes with regulations and extra work for the banks.

There are a large number of cryptocurrency trading platforms that you can use to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Landbank

Let’s get started! Just follow our 4 quick steps.

1. Pick a cryptocurrency trading platform

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy cryptocurrency

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with Land Bank of the Philippines.

Buy Crypto With eToro

About Land Bank of the Philippines

Land Bank of the Philippines (LBP is often called simply LandBank) is a state-owned bank in the Philippines with a particular attention to the requirements of fishermen and farmers. Although it offers the same services as an all-encompassing bank, it’s classified as an “specialized government bank” with the universal bank license.

LandBank is the second-largest lender of the Philippines in terms of assets. It is also the biggest government-owned bank. It is also among the largest government-owned and controlled companies and banking establishments in the Philippines alongside the Development Bank of the Philippines (DBP), Overseas Filipino Bank (OFW Bank) as well as Al-Amanah Islamic Investment Bank of the Philippines.

In contrast to other Philippine banking institutions, LandBank has an extensive branch network that includes 409 branches and Extension offices, as well as 46 lending Centers, and 2,188 ATMs (as as February, 2020). It serves numerous rural sector customers who live in regions where access to banking or is limited to banks that are located in rural areas or not available.

LandBank is competing against major banks, including Metrobank, Bank of the Philippine Islands (BPI), Banco de Oro and Philippine National Bank (PNB). For rural communities, LandBank rivals or is a complement to rural banks.

At the opposite end in the range, LandBank takes on a dual role alongside DBP, the Development Bank of the Philippines which is a different bank owned by the government. It competes with or collaborates alongside DBP according to the circumstances.